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Riots, Revolutions, democratisation, and Information cascade

The mechanism behind how riots become organized and ultimately transform into successful revolutions has been an object of interest for decades. According to the research executed by Ellis and Fender, information cascades, aided by the latest technology, have facilitated successful revolutions that took place in the contemporary society, such as the Arab Spring and the […]

Tragedy of the Commons: The Environment

First introduced in 1968 by Garrett Hardin, the Tragedy of the Commons describes the situation in which some public property will continue to be used until there is no net benefit and instead leads to the detriment of everyone involved. Oftentimes there is a decreasing benefit function at play in the situation, which leads to […]

Wikipedia and the Tragedy of the Commons

The tragedy of the commons presents the importance of property rights. However, this article discusses the example of Wikipedia that contradicts the idea from the tragedy of the commons. The article starts by addressing the general case of public goods that people are interested in using, and people volunteer to contribute to the production of […]

Decision-Making Process of Attending an Event

When deciding whether or not to attend an event, a person has traditionally gone through 5 steps to decide whether they want to go. The first step is “problem/need recognition”, the second is “information search”, the third is the “evaluation of alternatives”, then there is the “purchase-after behavior”, and finally “post purchase behavior after”. Information […]

Facebook Event Update

http://www.bustle.com/articles/110825-facebook-event-read-receipts-will-show-you-whos-seen-your-event-invites-but-what-are-the   Facebook recently added a new feature to their event pages, in which people can now see if someone has seen an event invite. This adds a few pros and cons as explained in this article: for the invitee it adds stress because now that you know the inviter has seen if you have […]

Selling Men’s Body Wash to Women

Before 2010, Old Spice body wash was most popular with older men. Because of this, it lacked a ‘coolness factor’ other body wash companies had due to the brand being associated with aging men. No teenager wants to smell like their grandfather, and as a result the Old Spice sales were dwindling and their brand […]

Tuna and the Tragedy of the Commons

http://www.cbc.ca/news/canada/nova-scotia/tuna-commission-quota-rules-1.3323195 Restrictions on mass tuna fishing (as well as other fish, though tuna have emerged as the posterchild) are a direct response to a precipitous fall in their wild population due to commercial overfishing. These have been implemented by individual countries and there are also some international standards to try to reign in overfishing. The […]

Poultry Problems: Caribbean Bird Flu 2015

A recently published article (link below) details the imminent threat of avian influenza, also known as bird flu, severely harming the poultry industry in the Caribbean this year. The poultry industry comprises a substantial part of the economy and could cause devastating effects to other local industries should it fail. Officials in the region are […]

Facebook Connect System

It has been a while since Facebook has launched and became the most popular online social networking service. One of the secrets behind its success is the “connect” system. The system allows users to log-in to websites other than Facebook, i.e., Pandora, using their Facebook account. This opens a door for Facebook to make a […]

Main Set to be the First State to use Ranked Voting Statewide for 2016 Elections

In a recent article in the Portland Press Herald, author Steve Mistler reports on the recent certification by Maine’s Secretary of State. Maine legislation will now how the opportunity to decide whether to use the ranked voting system in upcoming elections. The incentive behind a ranked system is that in the event of an election […]

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